Tag: egyptian pound

41% of Hermes’ One on One participants expect USD to settle at EGP 15-17

17% think it will reach EGP 13-15; 25% expect it to rise…

Hossam Mounir

Dollar continues decline, expected to stand at ​EGP​ 16 in short term

The price of the pound against the dollar will reach equilibrium in…

Hossam Mounir

Will commodity prices go down as pound strengthens?

 Companies pledge to bring prices down; others refuse due to inventory input

Samira Saeed

Does EGP improvement reflect real economic recovery?

A strong economy with a weak currency is better than a weak…

Mohamed Ayyad

Pound continues strengthening against USD, expected to settle below EGP 17 to the dollar within days

Significant increase in hard cash supply as foreigners invest in government debt…

Hossam Mounir

Dollar falls to its lowest level in two months, settles below EGP 18

Banks see clients disposing USD, further decline in the pipeline, says chairperson…

Hossam Mounir

Weakened purchasing power decreased economic growth to 3.4% during Q1 of FY 2016/17 

Large projects and the improved climate for investment will increase economic growth,…

Mohamed Ayyad

Egyptian pound’s value drops by 98% since 1979

According to data collected from the International Monetary Fund (IMF), Bloomberg, and…

Hisham Salah

Exports increased after Egyptian pound’s flotation: Minister of Industry and Trade 

Minister of Industry and Trade Tarek Kabil said that the flotation of…

Hisham Salah

No one can say for certain at what value the Egyptian pound will stabilise against the US dollar: El-Araby 

Subsidies will continue to be provided even after the economic reform programme…

Ahmed Farahat